Posted on: 02. 18. 22
While names like OPEC are regularly thrown around in the media and worries about gas prices due to international embargoes, it’s no surprise that most people naturally believe that a healthy amount of our nation’s oil is imported from the Middle East.
Yes, a percentage of our nation’s oil does come from Africa and the Persian Gulf, but we think most Americans would be surprised at how self-sufficient our nation is with its oil needs.
Let’s take a closer look at who our main importing partners are and how much oil we produce and use for ourselves in the United States.
The Decline of Two Faithful Imports Leads to an Unlikely Import Partner
As we mentioned earlier, the United States still does rely on some foreign entities when it comes to importing the oil we use. However, over the last couple of years, imports have hit the lowest numbers since before 2020.
To be specific, according to the U.S. Energy Information Administration, in 2020, the United States only imported roughly 11% of its total petroleum from OPEC and 10% from the Persian Gulf.
However, this decline in traditional oil shares was mirrored by a massive increase in Canadian oil, which was 52% of our total petroleum imports.
There’s Still No Place Like Home…
Since 2018, the United States has poised itself to be one of the largest crude oil producers in the world. With roughly 11 million barrels of crude oil produced per day, it’s no surprise that we are the top crude oil producer in the world, providing 15% of the world’s crude oil in 2020.
The United States produces crude oil in 32 states and surrounding waters. However, most of the nation’s production came from 5 states on their own:
- Texas – 43%
- North Dakota – 10.4%
- New Mexico – 9.2%
- Oklahoma – 4.1%
- Colorado – 4%
When examining the mass amounts of crude oil we produce alone and our partnership with Canada, a nation that is both stable and willing to provide large quantities of oil to our country, it’s no surprise that imports from countries farther away from the states have drastically reduced over the years.
How Much Do We Benefit From Locally Sourced Crude Oil?
Locally sourced oil isn’t just something that the United States exports to foreign nations for a profit. As we’ve mentioned in former posts, locally sourced oil has massive benefits on our society as a whole:
- The crude oil industry creates millions of jobs for the United State’s workforce
- Domestic oil drastically lowers the annual trade deficit
- Lower energy costs
- Greater economic growth
Continue Being The Pride of the Industry With Pro-Gas, LLC
If knowing that the United States is one of the biggest oil producers in the world makes working in the oil industry a point of pride, Pro-Gas is right there with you to celebrate.
We are proud to be one of the nation’s leading suppliers of oil and gas equipment that ranges from fuel conditioners to mobile storage tanks.
Make your oil and gas production facility the best today, with Pro-Gas, LLC. Contact us to learn more about our current product availability.
